Murata Manufacturing Inc. (OTCMKTS:MRAAY) Short Interest Up 571.0% in December

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 70,414 shares, an increase of 571.0% from the December 15th total of 10,494 shares. Based on an average daily volume of 520,723 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 520,723 shares, the short-interest ratio is presently 0.1 days.

Murata Manufacturing Stock Performance

MRAAY stock traded up $0.14 on Monday, hitting $10.49. 193,170 shares of the company’s stock were exchanged, compared to its average volume of 219,340. Murata Manufacturing has a 12-month low of $6.24 and a 12-month high of $11.25. The firm has a 50 day moving average price of $10.34 and a two-hundred day moving average price of $9.12. The stock has a market cap of $38.37 billion, a P/E ratio of 24.40 and a beta of 0.92.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings results on Friday, October 31st. The company reported $0.15 EPS for the quarter. Murata Manufacturing had a return on equity of 9.16% and a net margin of 13.40%.The company had revenue of $3.30 billion during the quarter. Sell-side analysts expect that Murata Manufacturing will post 0.41 earnings per share for the current fiscal year.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and modules, best known for its development and production of ceramic components. Founded in 1944 by Akira Murata and headquartered in Nagaokakyo, Kyoto Prefecture, the company has grown into a leading global supplier of multilayer ceramic capacitors (MLCCs), ceramic resonators, and a broad range of passive and active electronic parts used across consumer, industrial and automotive electronics.

The company’s product portfolio encompasses passive components (such as capacitors, inductors and filters), sensors and sensing modules, power modules, and RF/wireless communication modules.